that was built into this agreement essentially put in place a tree that was presented and it proposed designation of up to 5 u.s. experts who would monitor compliance we're told with local labor reform in mexico so hey suze say ave mexico's foreign minister for north america push back hard against us and extending this quote the obsession of democrats with force mint is a unilateralist term meaning forced to comply cost blood was tended to with panels the legitimate way to enforce in both countries is with our respective laws and quote. and so you see mexico saying no this whole discussion about the idea that essentially inspectors would go into mexico would walk through factories would determine whether or not mexico is living up to standards as the u.s. and canada see fit he says it's not going to happen and it makes sense because if you're talking about the sovereignty of mexico and what they're doing they can have other countries coming in there determine whether or not you know they are in violation of this agreement exactly and of course ability is always going to be

a problem no matter which kind of trade agreement or talk about whether it's with mexico and canada or with china as we're just about to break get into what's going to the u.s. markets soar to record highs monday as a so-called phase one trade deal between china and the u.s. boosted sentiments and relieve fears of another terror a school ation this deal announced on friday after more than 2 and a half years of an on and off negotiations will reduce some u.s. tariffs on chinese goods in exchange for increased chinese purchases of u.s. ag more details have emerged from the u.s. side now an $86.00 page agreement which ranges from intellectual property to ag purchases where china is to buy up to $50000000000.00 over the next 2 years raising total imports to 200000000000 dollars while u.s. trade representative said that this deal is totally done absolutely quote china took a more cautious tone reiterating that this would be quote a huge challenge to fulfill those commitments maging statement focused more so on the broad principles of phase one and refrain from mentioning any specific targets

during his press conference why well as multiple analysts pointed out the scale of these purchases seemed completely implausible given the slowing chinese economy the us is now asking for an increase in purchases over that of 2017 during the pre-trained war times this is asking for a 110 percent year over year increase in purchases and 2020 which is obviously not visible meanwhile the u.s. has still been unclear about how and when it will roll back other tariffs a condition that china has for. only maintained so it seems like this is only a trade deal for the public eye and to halt for an escalation it was merely to prevent things from getting worse because clearly compliance is an afterthought the u.s.t.r. notes that this agreement quote allows each party to take proportionate response of actions that it deems appropriate in order to resolve disputes in other words if china does not comply with what looks to be an impossible target then us can accuse

china of breaking terms and tariffs can go back up again. and now march 8th on trade deals involving the u.s. we're joined by todd about horowitz chief strategist above the trading so is this concerning that we still have no real specifics from china on the terms of the trade deal and are the markets kind of getting ahead of themselves here because the narrative really hasn't changed and now it looks like we have more downside than ever if there are any hiccups in these terms and let's be real these times are impossible so it's not really if it's when. well good afternoon you know the markets are going higher regardless the markets have continued to go make your highs regrow whatever is going on with the child the oh we don't know that what the deal is for sure and are still on the go shooting and still could fall through however there's one fact that still remains in the world today there's really only one investment we're investors are going to go to chase yield and right now it's

still the united states stock market so deal or no deal the market people are chasing you know u.s. stocks and again it may be right it may be wrong but you know we've gone up basically 25 percent this year throughout all the talk of trade wars no trade wars i'm not sure and here we are still yet making yet another new high you know again i believe the next major move will be down but that doesn't mean we can't go up 110 percent before the down moves start. yeah and to that point you know we have to look at humans in the you know the kind of the excellent stock market we've had all year long it's gone up up up but part of that has not been puppet tyrian on the part of president trump i mean he's on a great job whether you like him or not of being able to really talk the markets into moving without having to do a whole lot he would just say things are going to happen in the market comes up again and he said a pretty good job of puppets here in that but at some point do we not have to say if the china deal is a real deal there have to be terms to it it has to actually have tangible results

that are good for the u.s. economy in order to sustain that isn't that true or not no i agree with you 100 percent i mean look. the markets have done a remarkable job present troubles in a remarkable job and i think he's in a very good job in office but when you look at the overall markets again you go back to we're also going to go with your money yes do we need a real deal yes we have to get a real deal but and our markets getting well ahead of themselves yeah they are but again unfortunately there is no does no way to say that they're not going to go and as long as as long as the federal reserve and central banks around the world remain active participants and backing up these markets just look at japan from ninety-nine again is long is are going to keep giving free money to the big corporate that means that these markets are going to continue to go i are because we're somebody's going to go number one and number 2 it's the only game in town so is long as the fed continues to manipulate their rates and keep them under control

in their mind because the free markets would justify higher rates but at the way it goes markets go either until that changes now let's go back to this issue of the s.n.c. and the concerns of the mexican trade official he makes the point and perhaps rightly so that this issue of compliance is about the u.s. dictating terms to other nations nothing in this deal as mexico to inspect u.s. factories so is this part of this agreement unilateralist term meaning forced to comply. well you know i think you know we're still in i think one of the big problems is is the house is still not voted on this thing right so i think that everybody's getting a little bit impatient that the deal isn't done i mean the deal is you're been done when it was when it was written it should have been done and recently as a couple of weeks ago we had everybody on board unfortunately when you bring the paul political issue into it it creates problems so now you are is mexico having 2nd thoughts about part of the oh they were willing 'd to make or they try to

negotiate more i think everybody's trying to force the house to get off their you know what in vote on it and get it passed so we can get this flow of goods going back. between mexico and ited states and canada and i think that's more of this problem whether talking about inspections or all the other stuff i think that's really more of a a point of contention and a point of disappointment that is not done yet but doesn't this blow up the deal in some ways because look house democrats essentially went into the president said nafta was the world's worst deal ever it is us in ca's a great deal than the democrats wanted to to declare victory over it by saying well actually we're trying to put together the u.s. in ca it was terrible but we fixed it and the way we fixed it was we created these provisions that essentially allowed the u.s. to control they were standards in mexico and mexico says no no no we're not doing that part of it doesn't that kind of blow up the deal on in terms of the house democrats how did they save face by being able to still go along with it they're trying to save face by either impeachment but that they're trying to tweak things

and make it harder but at the end it's not going to work listen one thing we know right i mean we're nobody wants child or slave labor but we cannot control labor crossover whirls and that will not get done and if they vote on it that way that's the only way to is that would be their way of actually blowing it up and saying see it's not going to work so i guess this is the bigger issue which is why it needs to be voted it was already agreed on by you know in principle by the 3 major players and if we could just get them to quit trying to screw it up which is what they're doing we'd be done to be over and we'd be we'd be shipping our grains and everybody working great back and forth throughout the 3 nations tahara started up on the tank thank so much for that day. thank you so much. boris johnson has a plan to invest in parts of england that heavily supported him johnson is telling newly elected m.p.'s on monday that he will direct billions of pounds of investment

into the midlands and northern england again 2 areas who support delivered his crushing election victory last week reports indicate that johnson will use an 80000000000 pound fund to fuel an infrastructure blitz in those northern and midland regions the 2 major points johnson will make to the $109.00 new conservative m.p.'s that the government will start pouring money into parts of britain that had never previously voted tory and secondly to push ahead with briggs it on friday mr johnson will introduce the e.u. withdrawal bill which will pave the way for britain to leave the e.u. on january 31st it includes the prime minister's northern ireland protocol that puts a boarder in the irish sea. well meanwhile prime minister johnson's pledge to invest heavily in public services will be crucial to meeting his campaign promises host of arties going underground afshin river written c. files this report from london. 2019 british general election campaign was characterized by political parties on all sides of the spectrum announcing policy

pledges that of course would impact on the treasury impact on the pound sterling and the impact on the deficit and debt of the british economy but now that boris johnson is going to even he seems to realize that his pledges for $33900000000.00 pounds in extra public funding for the health service are going to be very very important the health service in britain stitching the fabric of british society together it's where people from all pluses meet and with society takes place on like of course in the united states where you have the health insurance system but within 2. really for hours the government or at least senior tories were talking about the introduction of a health insurance system and then the the even though spending maybe increased on public services it shouldn't alarm the city too much in fact share prices of city companies involved in private contracting of services for public bodies has been

a whole mark of british society since tony blair's labor government so the fears are that this extra spending will merely find its way straight down through a rabbit hole to big corporations that are the private contractors that make the money from public services not only that but quite a few of these companies some of them even going bust like karelian in the multi-billion dollar bankruptcies the thing is as these services do not get good responses from the public so the political dimension multiplies as it were more blame is heaped on the public services and more privatisation is therefore called for and more companies get involved in public services in what its detractors call a vicious cycle so basically any public spending will benefit corporations in the

city arguably more than the people who the services are aimed to help. time now for a quick break but here because when we return men as well as president is ready to airdrop the nation's currency to the public just in time for the holidays so how much will be given away and why isn't it wasn't doing us we've got the details and as we get a break here the numbers at the cloud. it is relatively easy to explain the tory spectacular victory in the general election for the elites it was about jeremy corbyn but for the voters it was all about

brakes and indeed it was brags that 2.0 for bojo it is time to deliver. and we're going to fulfil the repeated promises apologise to the people and promise to be you know we've all but the truth. pretty. pretty good. if you want to. know.

cut. out my dream agreed to pressure. mr remember there was most of the family were unemployed . and it wasn't it was bed you know much worse objectively day but there was an expectation that things were going to get better. there was a real sense of hope. there isn't today today's america where shape by the 10 principles of concentration of wealth and power. reduced democracy a tax on low down engineering. latch manufacture consent another principle according to. one set of rules for the rich. that's what happens when you put her into the. will switch which

is dedicated to increasing virtue of just as you'd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. welcome back bo we may temporarily halt production of its problem 737 max jet well now the aerospace company stock is following legal journalist molly barrows contributor with american lawyer now with more on that molly thanks for being here . how big of a dip is the company's scene right now and how much of this has to do with the whistleblower we heard from last week who essentially said that not only did both

we know about problems with the mix $737.00 max but also the f.a.a. knew about it and nobody did anything. that's exactly right still a lot of questions surrounding those ongoing investigations of exactly what caused the 2 fatal crashes that contributed to the grounding of the 737 max the boeing shares did take a hit they fell more than 4 percent premarket trading to $328.13 and they're not the only ones being hit by this the company's biggest supplier spirit systems their stock also fell 3.4 percent spirit makes the max fuselage along with other parts now according to some media reports analysts are suspending production say that they're suspending it that happening will likely mean more significant charges for boeing as well as its main suppliers that's why you're seeing the hit in the stocks that they're taking until now a lot of those suppliers have been shielded from the financial toll that has hit boeing the plane makers continued to make these jets even after they were grounded in march and so their suppliers were continuing to make parts because boeing's been

saying hey we're going to get cleared by the f.a.a. to have this plane back in the air again by the end of this year and now it looks like that's not going to happen so other suppliers are also expected to be impacted by the this disruption if it indeed happens they are french aerospace company saffron in the u.k. based manufacturing company sr and again the 737 was grounded after 346 people were killed in 2 different crashes and boeing and many other investigators are blaming a software problem that they say that they can fix it they've been meeting regularly with the f.a.a. to do that but so far the f.a.a. has not cleared them to allow the jet to fly again and it seems to be that after this latest meeting between the f.a.a. and boeing that that's when this decision to halt or slow production started reports of that started to surface so what's the latest on the production of the plane's on the halt. we don't know for sure. apparently word that may come after the markets closed today here in the u.s. but boeing is reportedly deciding whether to suspend it altogether or just continue

to current production of the $737.00 max but we took in nearly $5000000000.00 after tax charge in the 2nd quarter to compensate carriers for that flight but the total cost isn't clear yet they have not made some of the details of these settlements like with southwest. you know they've not made that transparent to the public but the f.a.a. zz top administrator has been telling the media that resort vacation of the plane would stretch into 2020 and of course that dash boeing's forecast that regulators were going to sign off on the jet by the end of this year now it looks like that is definitely not going to happen so we'll find out more or maybe by the end of the day again going back to that i'm sure that's going to have a huge impact on the reef certification as well right how do you as the f.a.a. go back to recertify and the public trust that you actually are doing what you're supposed to be doing how this is affecting also boeing's business with other airlines airbus seems to be making a big push here to pick up new clients. yeah absolutely airbus a number of other carriers around the world are not only mistrusting of problems

within the 737 max but also the f.a.a. like that whistleblower indicated even after you had the 1st crash the f.a.a. was slow to respond as far as grounding the 737 early signal and that there were concerns that needed to be looked at before they allowed other planes fly then you have the 2nd crash where there was a lot of mistrust if you will or discussion about where the f a's priorities lie southwest is the largest operated 737 they haven't released the details of the settlement but they did announce that they had reached one last week with boeing according to southwest to compensate the airline for some of the financial damage that was done by grounding that plane they didn't disclose the exact terms but they said they would share 120 $5000000.00 of it with their employees christmas bonus for those employees but certainly boeing is going to take this has we talked about what their stocks but it's going to be interesting even though investigators are investors rather have lost some pace. what the company analysts are saying this isn't going to destroy boeing by any sense of the word that once the plane is given

the green light to continue production into fly again that you're going to see boeing's cash reserves go right back up again the cash is going to start flowing so this is just a bump in the road according to some analysts but how they are going to find out maybe more tonight with the whistleblower complaint as well that's right molly burls of the murders lawyer thanks so much for your insight on this. man as well and president nicolas maduro is planning to airdrop the national crypto currency to everyone in the country as part of the holiday bonus men as well has government control of digital currency called the petro and men as well and citizens can all be airdropped happy petro which is worth about $30.00 and in order to be eligible citizens will 1st have to sign up to the petro app so in short this is clearly a way of encouraging more venezuelans to download the government crypto wallet and to accept the government currency on the other hand the petrel app can then be used

to exchange to other actual keep their currencies so in theory citizens could accept the petrol and then exchange it for a big one like one or even dash. and while petros be basically given away for free in order to incentivize users other all coins around the world have fared better the center for information and industry development in china released its 15th update of its crypto project rankings where it evaluated them based on basic tech application and innovation eos topped the list followed by a theory i'm trying on knolls and list respectively in the top 5 and with more on bring in jeff doorman c.i.a.o. at arca. so meanwhile asia has absolutely no problems jumping on top of new technology unlike social media that take talk is now apparently launching a joint venture with shanghai don't fall newspaper in order to develop block chain and ai power content delivery features so recent reports show that blocking technology is rapidly maternal and saying why did option in china and japan so how

is this divergence in technology capabilities going to play out 10 years from now when countries like the u.s. fail to let's not even say adopt let's say they haven't even innovated get at this point. i don't think the issue is who's 1st i think that you always need some innovators and you always need some pioneers to test new technologies but i don't think it's about who's being 1st i think is making sure you're not last so while the u.s. you know appears to be falling behind or maybe isn't as progressive as you're seeing over asia they're monitoring this very closely the regulators have been talking about this the f.c.c. knows all about this they are certainly aware of what is happening here and i would say we're falling behind so much as we're not aggressively being the leader but certainly as you start to see more breakthroughs and as you start to see some real success whatever the case that may be i think the u.s. will be there just as quickly as other major developing countries so 2019 was a pretty good year for big points up over 100 percent if you go back year to date obviously it's still lower than what it was in 2017 but it's done well in 29000.

breaking out of the $7000.00 range we get and been trading there for the last month what do you think is holding it down and can we attribute any of that to the recent inflows in the u.s. equities where we are now with all time highs. i think you can i think i think because it has trouble sticking with the same narrative right out i think that's that's normal for an emerging asset class where we're trying to figure out what is the theme or what is the sticking points that really have long lasting repercussions and earlier this year there was certainly the narrative of you know inflation that was creeping back into the picture you also had devaluations by the chinese you want in some other currencies these are all things that were there were positive backdrops for new from money to flow into bitcoin into other digital assets but when equities are up 27 percent year to date you're not going to get a lot of rotation out of equities into digital assets i think you need a little bit of a shock or some sort of a hiccup maybe like what you're seeing in the repo market to get people to pay attention to other asset classes where it's the same thing with alternatives you've

seen money coming out of hedge fund you see money coming out of other alternatives as equities have done really well generally you're not looking to new asset classes until there's an impetus and right now over least over the last 6 months you know the surely has made a lot of pressure on investors to get into anything new i'm so glad you brought the repo market because right now the fed is once again ramping up its part to says and it's just about to inject at least $425000000000.00 of non-existing money into the economy coupled that with q e 4 and you're looking at injection that's about 3 times the size of the entire market cap a big point in a single month so isn't that alarming should we be concerned about this isn't this a big catalyst for big going. yeah it definitely is i mean you know you can call it anything you want and call it an i.q. you can call it q e 4 you can say it's just you know it's tapering the repo market but the reality is it's a leverage and leverage comes from money printing and money printing means that they're debasing the u.s. dollar and that is all very positive for bitcoin i think we should be scared i think you know in general people tend to ignore news like this for one of 2 reasons

right either it's either it's ignorance or it's incentives right from an aider and standpoint it's often easier to just assume that problems like this will eventually go away and be swept under the rug. and it's just easier to hope for that than to actually learn about what's happening from an instead of standpoint if you work for a large bank or you work for a large financial institution your stock is up 4050 percent year to date you just are really incentivized to try to figure out what's really happening here and i think it's a big problem i mean i remember back when i was a trader at merrill lynch on the corporate bond us one of the most senior traders there told me there's no incentive to ever go short the market because if you're right you're not going to get paid anyway and if you're wrong you know you're going to get paid so what's the point most will go along and i think that's the entire view of most market participants right now is that there's no reason to fight the fed there's no reason to fight the markets just go along ignore all the risks that are out there until you know if they come to a head in which case you'll react. jeff garments out arca thank you so much thanks

for having me. finally today how much is a babe ruth autograph worth depends on the bat but the bat used to hit 500th home run well sold for a $1000000.00 c.p. options did not to defy the buyer as for that 500 homer it was hit aug 11th 1929 in the game against christie's favorite the cleveland indians according to the auction house the ball cleared the right field wall with league park and then rolled down lexington avenue babe ruth was the 1st of just 27 major league players to reach that 500 mark by the way another babe ruth bat the one used to hit his 1st home run out of yankee stadium in 123 that sold for just under 1300000 in 2004. fascinating stuff that's up by this time you can catch a boom bust on youtube dot com must see you next time.

getting ready for the global showdown central bank that being the i.m.f. in this case versus been calling venue argentina that's why we're here. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks to take a population of tens of thousands were forced to flee their homes and what was striking to put these attacks was that the are you see the police actually took part in the attacks so instead of preventing them they were active participants in the burning of the streets in belfast at the time more than a 100 innocent civilians women. as their if you can seniors i mean found out more i

was surprised about the extent and of the currents which the collusion was involved in some of those cases they killers would lead to be named. i think it went to the very very top i think it is the focus for all the water where all the taste and you know on the go ahead. what politicians do. they put themselves on the line and they get accepted or rejected. so when you want to be president and you. want to. have to go right to the press this is like them before 3 in the morning can't be good. i'm interested always in the water in the house. they said.

you know world of big partisan movies a lot and conspiracy it's time to wait to be deeper to hit the stories that mainstream media refuses to. tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. let me sleep yet.

another expert breaks ranks from the global chemical weapons watchdog saying the o.p.c. w.'s final report into an alleged attack in the syrian city of duma last year misrepresents the facts. the new citizenship law in india sparks violent protests nationwide for a 5th consecutive day since it was signed the demonstrators say it is discriminatory for singling out muslims as fears build over a massive illegal migrant flow. the u.s. calls for denuclearization talks with north korea as pyongyang is near and a deadline for sanctions relief draws near and the hermit kingdom steps up its missile testing.